Friday, June 11, 2010

NIFTY NEXT: NIFTY TRADING RANGE FOR 11 JUNE 2010

NIFTY MAY TRADE TODAY WITHIN THE RANGE OF 5110-5154. OUR NNI( NIFTY NEXT INDICATOR) HAS TURNED POSITIVE & IT IS RIGHT NOW @ 3.85 (EOD BASIS). THE OPEN INTEREST IS MARGINALY INCREASED BY + 0.55% WITH DECLINE IN VOLUME BY -15.13%. 5000 CALLS HAS SEEN THE HIGHEST WINDING INDICATING THE SHORT-TERM SOPPORT FOR NIFTY WHILE 5300/5400 CALLS HAVE SEEN THE HIGHEST ACTIVITY INDICATING THE NEXT RESISTANCE FOR OUR INDEX. TODAY TATA-STEEL, SBI,HINDALCO WILL SEE THE HIGEST GAINS AS PER OUR ANALYSIS. YOU CAN CALL NIFTYNEXT FOR THE BEST STOCKS PICKS WITH PRTOFIT SHARING BASIS OR BY SUBSCRIBING TO US @ 880 2230 836.

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